Global Automotive Bumper Market

Automotive Bumper Market Size, Share, Growth Analysis, By End User(OEM and Aftermarket), By Positioning(Front Ends and Rear Ends), By Materials(Composite Plastic, Metal, and Fiber), By Region - Industry Forecast 2024-2031

Report ID: SQMIG25A2243 | Region: Global | Published Date: April, 2024
Pages: 225 | Tables: 86 | Figures: 76

Automotive Bumper Market News

  • April 2022 The carbon fiber body fitted to the Ferrari 458 Speciale has been released by Novitek. The body kit includes a trunk lid side panel (set) with two fins, an air intake louvre side window, a cover for the taillights, a front spoiler lip, flaps for the front air guide, and more.
  • In September 2021, Toyoda Gosei Co. Ltd. expanded TG Missouri Corporation, a U.S.-based company. a U.S.-based company. of one of its business capabilities to continue to grow its product lines in the key North American markets to meet the growing sales of such indoor and outdoor products as radiator grills, bumpers, etc., and safety system features such as airbags and steering wheel.
  • In July 2021, Samvardhan Motherson Automotive Systems Group BV (SMRPBV) and Marelli Automotive Lighting signed an MOU to explore new partnerships in intelligently illuminated exterior body parts such as front grilles and bumpers, among other vehicle parts which can be illuminated.
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Automotive Bumper Market size was valued at USD 12.2 Billion in 2022 and is poised to grow from USD 12.63 Billion in 2023 to USD 16.63 Billion by 2031, growing at a CAGR of 3.5% in the forecast period (2024-2031).

The competitive environment of the automotive bumper market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Established organizations within the industry leverage techniques inclusive of product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position. Additionally, the market is witnessing elevated opposition from local and neighborhood producers supplying cost-powerful options. 'Toyota', 'General Motors', 'Volkswagen', 'Ford', 'Mercedes-Benz', 'BMW', 'Hyundai', 'Honda', 'Tesla', 'Peugeot', 'Nissan', 'Suzuki', 'Fiat', 'Porsche', 'Volvo', 'Lamborghini', 'Audi', 'Chevrolet', 'Kia', 'Renault'

Materials such as plastics, composites, or fibers must absorb energy primarily because bumpers absorb energy. Starting several decades ago, reinforcement was used with steel and aluminum, and spring or hydraulic protective equipment for vehicles. Modern bumpers are made of plastic, aluminum and wrought iron. The manufacturers chose a high-performance plastic material for the bumper because plastic is such an important material. To develop new products, automotive plastic bumper manufacturers invest in an R&D program. Automotive plastic bumpers are being developed to improve safety for vehicles and pedestrians.

Composite Plastics Making a Big Appearance in Bumper Manufacturing: Since plastic is such an important material, manufacturers chose high-performance plastics for bumpers. Vehicles that use lightweight plastics that are suitable and efficient can be very fuel efficient. For every ten percent reduction in vehicle weight, it is estimated that fuel consumption decreases between 5 percent and 7 percent in terms of reproducibility and manufacture, and reusability. Polypropylene (PP) is a thermoplastic polymer commonly used in bumper construction. PP accounts for 32% of all high-performance plastics needed in automobiles. ABS (Acrylonitrile Butadiene Styrene) is a copolymer that makes automotive body parts more resilient, stronger and warmer. Polycarbonate (PC) is a material that combines stiffness, rigidity and toughness in one. Due to its features, it is ideally suited for automotive bumpers and therefore extensively used in the industry.

Asia-Pacific dominates the market with the presence of major automotive manufacturers in China, Japan, India and South Korea. China has become the largest automotive market in the world and is estimated to play a major role in influencing the automotive bumper market forecast over the next few years. Findings from the latest car bumper market study show that government incentives to promote EVs and improve safety standards in China have impacted the market. Light and compact cars are the trend in India. In this market, budget-friendly bumpers are generally preferred. However, the demand for safety features is also growing. Also, automakers in Japan emphasize on technical and safety features for their vehicles, which can influence the design of bumpers. Japan also plays an important role in the supply chain of bumper products and accessories.

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Global Automotive Bumper Market

Report ID: SQMIG25A2243

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